John Dee Carruth, CEO of Alabama One, speaks out about his temporary suspension, lawsuits against the credit union and a short annual meeting.
The Alabama Credit Union Administration has lifted suspensions on three employees from the $608 million Alabama One Credit Union as it continues to investigate member claims of loan fraud.
The Alabama One CU, target of a fraud investigation, says the ACUA was manipulated by trial lawyers when it suspended, then reinstated, four employees.
Members claim four employees at the $608M credit union, including the CEO and COO, committed loan fraud to avoid overexposure to one member.
Two former employees of small Illinois credit union face sentencing, including one who used township tax dollars to hide her crime.
Crime ring stole nearly $1 million from four credit unions with locations in Chicago.
Donna Harabin of now-defunct Telco FCU in New York pleaded guilty to masking delinquent loans.
Donna Harabin pleads guilty to concealing delinquencies at former $20 million credit union in Elmira, N.Y.
Theft of $1.4 million brings almost three years in prison.
Ex-CEO of St. Paul Croatian FCU given 14 years in prison and ordered to make $71.5 million in restitution.